Drafting Limited Liability Company Operating Agreements

This essential resource enables you to negotiate, draft, and fine-tune LLC operating agreements for all basic types of LLCsandmdash;in every U.S. jurisdiction! It delivers exclusive guidance on all 10 stages of the LLC formation process, and comes with a CD-ROM packed full of valuable material, including complete agreements, forms, and clauses all ready for immediate use. Newly expanded to two volumes, theandnbsp;Fourthandnbsp;Edition of Drafting Limited Liability Company Operating Agreements is the only limited liability company formbook and practice manual that addresses the entire process of planning, negotiating and drafting LLC operating agreements, and handling LLC formations. Providing hands-on guidance directly from John M. Cunningham, one of the acknowledged leaders in the field, Drafting Limited Liability Company Operating Agreements, Fourthandnbsp;Edition, ensures that youandrsquo;re prepared to handle all legal and tax aspects of the LLC formation process for member-managed, manager-managed, single-member, and multi-member LLCs, including: - Fiduciary issues and other critical business organization law issues facing the managers of multi-member LLCs
- Multi-member LLC partnership tax issues
- The unique legal and tax issues confronting owners of single-member LLCs
- Hidden issues in drafting articles of organization
- The complex issues of legal ethics when representing two or more clients in forming multi-member LLCs
Only Drafting Limited Liability Company Operating Agreements, Fourthandnbsp;Edition fully covers: - The 10 main stages of the LLC formation process, providing detailed, practice-oriented comments on each
- andldquo;Red flagsandrdquo; spotlighting common pitfalls and risks in LLC formation
- Key federal tax materials, including the andldquo;Check-the-Box Regulationsandrdquo; and the IRSandrsquo;s guidelines on the application of the Self-Employment Tax to LLC members
- The current text of the Delaware Limited Liability Company Act
And Drafting Limited Liability Company Operating Agreements, Fourthandnbsp;Edition includes: - All of the general-purpose model operating agreements you are likely to need to form both single-member and multi-member LLCs, designed for use in all 50 states and accompanied by line-by-line instructions
- Guidance through the entire, complex maze of legal, tax, and drafting issues
- An all-new section on protecting clientsandrsquo; assets through LLCs
- Valuable exhibits, including a master table and various subsidiary tables of the Delaware Limited Liability Company Act provisions relevant to LLC formations
Plus! Every clause, form, and complete agreement is on CD-ROMandmdash;to speed the formation process and help save you time. To assist in your LLC formation practice, youandrsquo;ll also find a comprehensive survey of the rapidly expanding body of federal and state LLC case lawandmdash;complete with clear summaries of the cases and indexes by both state and subject matter. Newly updated and expanded, Drafting Limited Liability Company Operating Agreements, Fourthandnbsp;Edition, delivers all the forms, agreements and expert guidance every LLC practitioner should have on hand. andnbsp;